Next Profit Gains as U.K. Retailer Surpasses M&S for First Time

Joan Smalls in Next's SS2014 lookbook | Source: Next

LONDON, United Kingdom — Next Plc, the U.K.’s second-largest clothing retailer, reported a 12 percent increase in full-year earnings, making more money than Marks & Spencer Group Plc for the first time in the brand’s 32-year history.

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M&S Investors Bank on Next-Style Cash Returns as Sales Decline

Marks & Spencer store in Manchester | Source: Shutterstock

LONDON, United Kingdom — Marks & Spencer Group Plc Chief Executive Officer Marc Bolland doesn’t make as much money selling clothes as smaller rival Next Plc. To soften the blow, some investors would like him to mimic his competitor’s record on giving back cash.

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Marks & Spencer Clothing Sales Drop Worsens as Discounts Fail

Rosie Huntington-Whiteley in Marks & Spencer Christmas ad | Source: M&S

LONDON, United Kingdom — Marks & Spencer Group Plc reported a tenth straight quarter of falling clothing sales, indicating that heavy discounting before Christmas had little effect in luring customers back to Britain’s largest apparel retailer.

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Marks & Spencer Edges Toward Revival as Clothes Sales Drop Eases

Marks & Spencer's 'Leading Ladies' campaign | Source: Marks & Spencer

LONDON, United Kingdom — Marks & Spencer Group Plc reported the smallest decline in general-merchandise sales in more than two years, signaling that a new women’s clothing collection may be helping the U.K.’s largest clothing retailer regain shoppers.

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M&S Casts Grace Coddington and Leading Ladies in Campaign by Annie Liebovitz

M&S Leading Ladies Campaign featuring Grace Coddington | Source: Marks & Spencer

LONDON, United Kingdom — Marks & Spencer is hoping a high-profile ad campaign featuring some of Britain's biggest female celebrities will boost sales of its make-or-break Autumn/Winter fashion range when it debuts in September.

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